SG Americas Securities LLC Purchases Shares of 14,574 Nerdy, Inc. (NYSE:NRDY)

SG Americas Securities LLC purchased a new position in Nerdy, Inc. (NYSE:NRDY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,574 shares of the company’s stock, valued at approximately $50,000.

A number of other large investors have also modified their holdings of NRDY. Royal Bank of Canada raised its stake in Nerdy by 3,036.0% in the 1st quarter. Royal Bank of Canada now owns 5,488 shares of the company’s stock worth $28,000 after acquiring an additional 5,313 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Nerdy during the second quarter worth about $27,000. Price T Rowe Associates Inc. MD purchased a new stake in Nerdy in the first quarter valued at approximately $45,000. Citigroup Inc. acquired a new position in Nerdy in the 1st quarter worth approximately $55,000. Finally, Cutter & CO Brokerage Inc. purchased a new position in Nerdy during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Insider Activity at Nerdy

In other Nerdy news, CFO Jason H. Pello sold 41,896 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $131,134.48. Following the transaction, the chief financial officer now owns 1,505,244 shares in the company, valued at $4,711,413.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Christopher C. Swenson sold 25,000 shares of Nerdy stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $2.96, for a total value of $74,000.00. Following the sale, the insider now owns 1,233,248 shares in the company, valued at $3,650,414.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jason H. Pello sold 41,896 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $131,134.48. Following the transaction, the chief financial officer now owns 1,505,244 shares of the company’s stock, valued at approximately $4,711,413.72. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 217,991 shares of company stock worth $629,314 and sold 96,091 shares worth $294,471. 31.35% of the stock is owned by company insiders.

Nerdy Price Performance

NYSE:NRDY opened at $2.53 on Monday. The company has a 50 day moving average price of $2.92 and a 200-day moving average price of $3.03. Nerdy, Inc. has a 1-year low of $2.31 and a 1-year high of $5.37. The firm has a market cap of $439.49 million, a price-to-earnings ratio of -6.02 and a beta of 1.90.

Nerdy (NYSE:NRDY) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $55.10 million during the quarter, compared to analysts’ expectations of $54.77 million. Nerdy had a negative net margin of 20.77% and a negative return on equity of 48.96%. The firm’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.13) earnings per share. On average, sell-side analysts anticipate that Nerdy, Inc. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Nerdy in a report on Wednesday, February 28th. JPMorgan Chase & Co. began coverage on shares of Nerdy in a research report on Monday, March 11th. They set an “overweight” rating and a $5.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4.71.

Nerdy Company Profile

Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network.